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20130321
20130321
Search Results 0 to 4 of about 5 (some duplicates have been removed)
in fact it's a terrible solution. it was born back in 2011 when obama wanted to raise the debt ceiling. the amount that america can borrow to pay its bills. it's sort of like raising the credit limit on your visa to pay off your mastercard if you had used your mastercard to pay for two trillion-dollar wars. but -- listen, wait. [cheers and applause] they were worth it because now we can use all the free miles to go to the next war. [cheers and applause] but the republicans -- but the republicans would only raise the debt ceiling if the president promised later spending cuts. if those were not passed by an arbitrary date, it would trigger the sequester, a doomsday scenario designed to cripple programs that both sides love. the democrats would see damaging reductions in education, national parks, vaccination programs, food inspection, even the national zoo while republicans would see cuts to everything they hold dear like the military. [laughter] the point is -- [cheers and applause] -- if the two sides failed to come to a compromise in march 2013 would come in likeƑi a lion and go out
expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from entitlements because you can't do enough of what we've seen so far, discretionary spending. tracy: they want us off the beach in the summer. we'll have another debt ceiling fight, be here in august sweating it out again. >> yeah, can't wait. tracy: i know, me too. rich, take the vacation now, thanks. >> yeah. tracy: ha-ha, okay, you may want to sit for the next story. members of congress workedded together and passed a bill that will keep the government open for the next six months. who knows what happens in six months though. now the deadline was not tomorrow, and there were no filibusters. they actually compromised. should have sang a song when they were done too. they send the measure to president obama to sign it into law.
, they're going to have to during one of the cr's or debt ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt it's going to be like this one. republicans in the the house are going to pass the budget committee resolution and these set levels for all of the appropriations committee allowing for protection and that is to say you can have expedited consideration of appropriations bills that fall under that level. the republicans are going to pass bills that have spending lower than the democrats. the democrats are going to have bills, they're higher than the republicans and then we're going to fight it out bill by bill by bill by bill through the balance of
. surely we won't go back on the promise we made in 2011 when we raised the debt ceiling. but anyway, this is what the associated press said about it, because the democrats want to restore $1.2 trillion in automatic spending cuts over the same period, cuts imposed by washington's failure to reach a broader budget pact. they couldn't reach an agreement so these automatic cuts occurred. murray's blueprint increases spending. you take the $1.2 trillion there and you have taxes increases over here, but the increases in spending are greater than the taxes, and they conclude that it increases spending overall. increases spending overall. while the chairman and, i guess, the budget committee members who support this want to assert that somehow this is a one-for-one budget, a balanced plan, a balanced budget. you've got $1 trillion in tax increases and $1 trillion in spending cuts. but they're not there. now, this chart is a very important chart on the subject i'm talking about. it's, i believe, pretty much not disputed. disputable. and i hate to raise this, but i'm not going to take it. mr.
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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